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have come thick and fast. iran called the attacks organized terrorism. egypt's foreign minister called for a formal u.n. security council meeting to discuss the attacks. and said they must end. >> translator: egypt strongly condemns the israeli air strike in the gaza strip and the kellings of civilians and the assassination. we strongly condemn it. >> and wide gdemonstrations turned violent. in spain, riot police fired rubber bullets. and in lisbon, protesters tore down barricades lobbing rocks and bottles. workers also protested in greece, france and well engine against government policies that have driven up unemployment. the gdp is expected to sling by 0.2% in the third quarter pushing the bloc officially into recession territory. the eurozone downturn is taking its toll on germany. they had resilience tocrisis. economists are warning country could see a further contraction in the last three months of the year as dim prospects for the currency bloc continue to weigh on consumer and business sentiment. following this for us is still via ve still radio silva a vo [ silva a vod have a
them. i'm afraid the details haven't been shared with us. >>> hillary clinton joins egypt in attempting to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and rocket fire continue in the gaza strip in tel aviv, as hillary clinton urges both sides to diffuse violence. we'll have the latest live from zree israeli. we'll also take the pulse of the polish country. analysts from warsaw 40 minutes from now. >>> we'll be in providence, rhode island, to preview travel ahead of the thanksgiving holiday with the head of operations at peter pan bus lines. >>> but first, after nearly 12 hours of talks, eurozone finance ministers have failed in their quest to agree conditions that would have allowed the next chance of bailout cash going to greece. w
under way right now. indications there may be a truce on the horizon. coming from cairo where egypt's president mohammad speaking to mourners saying egypt was passing through difficult days but there could be light at the end of the tunnel and referred to the truce that may be taking place in egypt. he said that the aggression on gaza would end on tuesday. didn't give details about that agreement. reports coming out of israel citing officials on israel radio that a truce could be announced as late as tuesday night this evening with the arrival of u.s. secretary of state hillary clinton. that's what's happening outside of gaza. here in gaza it still feels like a war footing. in the last couple of hours the iz rally israelis have warned of imminent attacks on homes and neighborhoods and forcing people to leave their cities and move into central gaza and an indication that a ground invasion may be imminent if a truce is not sealed within the next couple of hours. you can get a sense there's a great sense of fear among ordinary people of gaza that in coming hours it could go either one
with the soldiers in it. palestinians and especially hamas in gaza seem to believe that when egypt was taken over by the muslim brotherhood, the muslim brotherhood who if you like are hamas' dig brother, they felt themselves safer under the protection of the muslim brotherhood in exwiptd, they felt safer. so they felt they were able to provoke to push israel and israel at the a serb point said enough is enough. yeah, you'd expect that you would think they would expect to get attacked. >> one more quick question. egypt recalling its ambassador, how serious a response is that? >> i think it's to be expected. israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some business here in the
. they are willing to defend their territory with their lives. in egypt the focus has shifted a bit because politicians are trying to broker a cease-fire or truce between israel and palestinian factions. there are sticking points but there are signals or at least some early signs that a truce may be on the horizon that would be welcome news for people certainly in gaza and also in israel. back to you. >> thank you so much for that. reporting through the weekend and today from gaza. oil prices rising as fighting between israel and hamas does continue. could this be the beginning of a bigger price pop and where should you park your money in the complex? we have the senior energy analyst at raymond james. good morning to you. >> thanks for having me. >> the conventional wisdom last week is because it doesn't directly involve iran, maybe the impact on the complex not as dire as it might be under other scenarios. do you agree with that? >> there should be no impact at all from what's happening currently on the israel/gaza border. none whatsoever. the reality is that the oil market is very jitter
would be between israel and iran. this has people paying attention. >> this is a test from egypt and the change in government and they're saying i think hamas is saying how much support are we going to get from them? this is a test of the new middle east and how much support they get and we'll see. morsi is in a difficult place because the egyptian economy is not doing well. they need tourism, it's fallen completely down. the moderate elements in egypt are saying let's get on the economy here and the radical elements are saying support hamas, and this is going to be a real test of his leadership. >> this is the sort of situation that makes you think twice about your forecast for where the dow heads if something were to expand from this? >> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselve
's affecting local flash points. >> let's go around the world, egypt, violence in the streets again today continuing protests after the president of egypt declared for himself a broad range of autocratic powers thursday night, the stock market in egypt opened yesterday, much of the middle east thursday is the end of their business week, the market plunged, a little bit of recovery today. speaking with sources in the banking sector they're worried whether or not the president says the powers are temporary whether he means it. >>> there's a euro group meeting today, they might eventually agree to give greece the money. the narrative stands that greece gets the money, they have to calm concerns about the imf. >>> spanish elections in the catolca catalonia win the regional elections. the stock market reacted a little bit, it would have been worse if the leader of the separatist movement had done better. let's move on to what i think is the most interesting story and could definitely affect a lot of investors who watch cnbc, argentina. during all the retail hubaloo, a federal judge in new york
. >> thanks, simon. >>> in egypt mass protests are planned from the muslim brotherhood and opponents in cairo today over the decree giving new powers to morsi. ayman is live in cairo with the latest. good evening. >> reporter: good evening. tens of thousands of protestors have gathered in tahrir square. many of them saying and singing the same songs and chants in the revolution. they changed the name from mubarak to morsi. the demands are the same. many people behind me today have been galvanized by the degree cree of morsi that gave him sweeping powers, including those to legislate without judicial review. it's not just about the decree. they're disappointed with the pace of reform. they're disappointed with the new constitutional assembly writing a constitution. they say it's not pluralistic and does not represent all of egyptians, and more importantly they're angered by the police force in egypt still using the same brutal tactics they used under mubarak. there have been no reforms and no convictions of officers that killed protestors. they're coming out in large numbers behind me. that ha
will be leaving egypt within a few hours. this attack in gaza is becoming an international event, which could threaten to make the region even more volatile. >> martin fletcher, thank you very much. maria. >> well, the attack having a major impact on the oil market today. we're watching prices move up. bertha coombs is here with that angle. over to you. what can you tell us? >> as those headlines cross, and in particular the headlines coming from israel that this was the beginning of a prolonged effort to combat hamas. that is what september oil spiking up 1% on a day when after poor retail sales, we really were seeing not much movement at all. traders are saying this definitely puts the geo political risk on the table as martin describes. the fact this could spread and cause more destabilization in the area. what they look for as well, this is not an oil producing area. this could spread. what it means if israel is willing to act so forcefully with regard to israel, perhaps, and iran. that is the big picture and what would really send oil prices much higher. meantime, tomorrow morning we'll
kinds of fuel. the organizers, the muslim brotherhood. that's the same group that took power in egypt and the group that gave birth to hamas. jordan is still ruled by king abdullah. the muslim brotherhood has made it clear they'd like him to go. >>> we got a nice rally under way here, bertha. >> nasdaq 100, qqqs are the best performers today and among the best advancers is green mountain coffee. of course this is a huge short position. some 39%. this looks a little bit like a technical rally here. the company's stock has moved above its 50-day moving average. it's been just below that over the last couple of weeks and about $1 above that now. >>> red states versus blue states. is your town a state about to fall off the fiscal cliff? steve leisman has the maps that will show us which states and counties stand to get hit the hardest by potential federal spending cuts. everything is bigger in texas. including the strategy for taking down this building. we'll show you what happened when the engineers pushed the plunger. that's next. >>> if congress drifts u.s. economy off the fiscal cliff
on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a minute. >>> this one's going to cause a lot of outrage, i promise. the nation heading toward the edge of that fiscal cliff with sky-high deficits. while there's talk of cuts, cuts, cuts, a new report out today on waste in the federal government. eamon javers has details in washington. eamon? >> well, the new report is out from senator tom coburn, a republican from oklahoma up on capitol hill. in the report he accuses the department of defense of really becoming the department of everything. he says the pentagon's wasting a lot of money and he's found examples in the pentagon spending money on things like a study for a question of did jesus die for cling-ones, too. they've sponsored
relations between egypt and israel. that doesn't necessarily though still knock on to the oil trade, does it? >> no, it really doesn't. that's what we have to keep watching. the bad word we don't want to hear is iran, obviously. iran is going to give missiles, that's a given. the question is what does iran do, if they poise troops, it will open up completely and it gives israel all it needs and they will attack and attack hard in iran. >> the qe 4 may be on the cards for next year, are you disappointed that it hasn't done more for the markets? >> they did a good job last time in starting to go after the housing market, the problem is they can't just throw a qe-4 out there, it has to be a pinpoint target, change lending standards, make things happen, get congress together. what about infrastructure? we don't hear a word about it. so i think what the fed is going to do, they'll say we'll do something, but get congress to act, the election is over, now get together and do your job. >> to the up side, what levels are you looking at for wti and brent? i think the react sthun to yesterday's move w
. and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling some fears that the powerhouse of the eurozone economy may be suffering from the impact of the crisis. its first increase in eight months. just over 101.4. in the united states, a half day of trading today post the thanksgiving holiday. is the dow due for a santa rally? we'll talk about it when we come back. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. ♪ you can st
started and because i'm originally from egypt my friends reached out and said where is our best content on egypt? i started sharing on facebook. then my friends got tired of me sharing about the middle east. >> as a lot of friends do. >> i realized there is a need for a better place to share content around your interests where anyone can discover it. that's the idea behind snip it. >> walk me through the journey of raising capital. >> raising capital is always tough. you should always do it when you don't need it. we've been lucky, fortunate to have two amazing firms, both with incredible expertise in social media and a very long-term view. when you start a social media startup you want investors with a long-term view and perspective. >> obviously raises questions about monetization, migration to mobile. how do you make the money? when do you become profitable? what is the endgame? >> the endgame is to be the primary way which people share and discover content. every morning you wake up and go to snip it and that is where the best content is. monetization comes through ads. because peop
from syria to egypt. we don't know who our friends are and what the game is and europe. europe isn't fixed yet. europe is kicking the can down. they can't fix it without a devaluation of some kind. they can keep putting money into that. what does that mean to take the first one? the cliff. you need somebody who is a uniter and not a divider. this president proved that he's the class warfare divider. >> here's a cliff question. some people say that if romney wins, the good news is we won't hit the cliff at the end of the year. the bad news is we'll have uncertainty for nine months because we'll have to address the issue in the fall. is that a better outcome than if obama is in office? i don't know the answer. >> we need to bring people together. we need a uniter for that. we go to the regulatory wall that we talked about. we need somebody who understands the role of regulation in a capitalistic system. the president doesn't have the foggiest idea and he delegates that. >> it's more of the people he's given power to. >> because he doesn't have anything to bring to the party. he deleg
the situation there as we speak. protesters bearing down in cairo, egypt. we're getting set for another day of trading here. there you have it. opening bell on wall street. kids day here. day after thanksgiving at the new york stock exchange. we see a lot of junior traders filling orders here at the new york stock exchange. ronald mcdonald house charities celebrating kids day here. and sears holding celebrating black friday. we'll talk with sears in just a little bit's time. we are to the upside if you look at the s&p 500 heat map right now. >> it has feeling like it's been two weeks but it's only one. a week in which as we heard from matt where we had major news this week. not expecting to get any today. certainly the alleged fraud at autonomy and hp stock hitting a ten-year low and not to mention the continued insider trading investigation that included a major indictment of someone. two major stories during the course of the week. >> i know you have been involved in hp and breaking a lot of news related to it. hp was such a huge story. we're not talking about a mid sized company and the
the greek debt deal. we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas down about 4%. warmer temperatures ahead for the month of december. that is what's pressuring the nat gas market. back to you, david. >> now i want to resist a story we brought to you on friday and it continues. not that much has changed. it is still an interesting one getting a lot more play in the general media as well. that's the showdown between paul singer, the man who runs elliott associates, and argentina to put it mildly. there's mr. singer. argentina led by its president who has said no way are we paying you the $1.3 bil
Search Results 0 to 16 of about 17

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